Western Union to Exit S&P 400 Index; Bentley Systems Takes its Place

Western Union (WU) will be removed from the S&P 400 index on October 6, 2023, and will be replaced by Bentley Systems. WU operates as the largest money transfer service globally with over 500,000 agents, but faces financial challenges with declining revenue growth and profitability margins. The company's valuation metrics suggest historically low levels, with a P/E ratio of 3.06, P/S ratio of 0.67, and P/B ratio of 2.96. Analyst recommendations are cautious, and institutional ownership is high at 93.41%. WU's financial health is a concern with a GF Score of 59, indicating a possible value trap.